Property rates in Matunga East average ₹49,100 per sq ft. The market shows steady growth as investor interest remains high, supported by a rental yield of 3.64%. With a diverse range of ready-to-move and under-construction projects, the area continues to attract premium buyers. High-end developments like Godrej Five Gardens anchor the locality, reflecting its status as a prime residential hub in Mumbai while maintaining strong demand across various property configurations.
Insights for Matunga East, Mumbai Real Estate Market Overview
Matunga East remains a premium destination in Mumbai, characterized by a robust asking price of ₹49,100 per sq ft and consistent transaction activity. The rental market is equally dynamic, offering an average rental rate of ₹149 per sq ft and a healthy rental yield of 3.64%, which appeals to both end-users and investors. Registration data shows 78 transactions totaling ₹204 Cr, highlighting the area's liquidity and strong buyer confidence. Developers are actively catering to diverse needs, with a mix of luxury and residential projects shaping the local skyline.
The average asking price of ₹49,100 per sq ft reflects the premium nature of this South Mumbai locality.
Ready to move projects are priced at an average of ₹41,650 per sq ft, showing a positive growth of 5.71%.
Rental rates for 4 BHK apartments command up to ₹3 Lakh per month, indicating strong demand for luxury living spaces.
Top projects like Godrej Five Gardens and Rustomjee La Sonrisa continue to influence local property trends.
The rental yield of 3.64% provides a stable income stream for property owners in the region.
Market Strengths
Consistent upward price trend, reaching ₹51,000 per sq ft by mid-2026.
Strong rental market with an average rate of ₹149 per sq ft.
High volume of ready-to-move inventory providing immediate value to buyers.
Presence of high-end, premium projects that maintain the locality's aspirational value.
Healthy rental yield of 3.64% outperforming many other established neighborhoods.
Market Challenges
New launch projects are currently experiencing a price correction of -4.3%.
High entry costs for premium projects may limit the pool of first-time homebuyers.
Investment Opportunities
A solid rental yield of 3.64% makes the area attractive for long-term investors.
Ready-to-move properties show a strong price appreciation of 5.71%, ideal for immediate rental income.
The 11 under-construction projects offer potential for capital appreciation as completion approaches.
High demand for 4 BHK units, with average rents reaching ₹3 Lakh per month, presents a lucrative opportunity for luxury rental income.
Price Trend
Matunga East, Mumbai Property Price Trends and Appreciation
The market in Matunga East has shown a positive trajectory, with rates moving from ₹47,700 per sq ft in September 2025 to ₹49,100 per sq ft by March 2026. This upward trend reflects increasing demand for residential spaces in this prime location. Further growth was observed by June 2026, with rates reaching ₹51,000 per sq ft.
Matunga East commands a premium position compared to surrounding areas like Sion East, which averages ₹29,850 per sq ft, and Antop Hill, which stands at ₹33,100 per sq ft. In contrast, it aligns more closely with the exclusive Shivaji Park, where rates hover around ₹56,100 per sq ft. These variations highlight the distinct value proposition of Matunga East within the broader Mumbai real estate landscape.
Residential apartments in Matunga East are highly sought after, currently priced at an average of ₹51,000 per sq ft. This category has experienced a positive change of 3.8%, reflecting sustained buyer interest in high-quality living spaces. The market continues to prioritize apartment-style developments as the primary residential offering.
The Matunga East market offers properties across various development stages to suit different buyer timelines. Ready-to-move inventory, comprising 87 units, averages ₹41,650 per sq ft with a positive change of 5.71%, making it ideal for immediate occupancy. Meanwhile, 11 under-construction projects are priced at ₹46,750 per sq ft, and 7 new launches are available at ₹36,900 per sq ft.
Project & Developer Insights
Top Residential Projects and Developers in Matunga East
Top Projectsin Matunga East
JP Codename Matunga Origins is the top project in Matunga East with prices from ₹ 2.94 Cr to 4.23 Cr.
JP Codename Matunga Origins
₹ 2.93 Cr - ₹ 4.23 Cr
Mumbai South, Mumbai
Lodha Signet
₹ 2.25 Cr - ₹ 4.66 Cr
Mumbai South, Mumbai
Lodha Divino
₹ 4.44 Cr - ₹ 22.20 Cr
Mumbai South, Mumbai
Godrej Five Gardens
₹ 12.3 Cr - ₹ 13.14 Cr
Mumbai South, Mumbai
LnT Island Cove
₹ 3.40 Cr - ₹ 6.34 Cr
Mumbai South, Mumbai
Godrej Trilogy
₹ 18.88 Cr - ₹ 29.95 Cr
Mumbai South, Mumbai
Piramal Mahalaxmi
₹ 5.45 Cr - ₹ 14.03 Cr
Mumbai South, Mumbai
Runwal Timeless
₹ 1.59 Cr - ₹ 3.5 Cr
Mumbai South, Mumbai
Kalpataru Azuro
₹ 45 Cr - ₹ 71.98 Cr
Mumbai South, Mumbai
Lodha Malabar
Price On Request
Mumbai South, Mumbai
View More
New Launch
Under Construction
Ready to Move
Top Developersin Mumbai
Lodha leads in Mumbai with 110 projects and 39 years of experience.
Premium residential developments in Matunga East command high prices, reflecting their luxury status and prime location. Godrej Five Gardens leads the segment, priced at ₹64,850 per sq ft, while Rustomjee La Sonrisa and Kalpataru Matru Ashish both follow at ₹58,400 per sq ft. Other notable projects like Ikebana and Alliance Legacy are priced at ₹55,750 per sq ft and ₹55,550 per sq ft, respectively, catering to the aspirational segment.
Top rental projects like Kesar Horizon and Gurukul CHS Matunga command premium rates of ₹160 per sq ft and ₹155 per sq ft, respectively. Other notable buildings including Earth Building and JP Hari Mangal Manor also maintain strong rental performance, with rates hovering between ₹153 and ₹154 per sq ft.
Goshar Alliance LLP has emerged as a significant developer in the Matunga East market, recording 1 transaction in the recent period. This activity highlights the developer's role in shaping the local housing landscape.
Government Registrations
Government Registration in Matunga East, Mumbai
Official registration data indicates a healthy market with 78 transactions recorded between September 2025 and August 2026. These transactions represent a gross value of ₹204 Cr, with an average registered rate of ₹33,450 per sq ft. Goshar Alliance LLP has been identified as a key developer driving transaction activity in the region.
Sales Transactions78
Gross Sales Value₹ 204 Cr
Registered Rate₹ 33,450/Sq.Ft
Rental Trends
Rental Trends and Average Rent in Matunga East, Mumbai
Rental options in Matunga East cater to a wide range of needs, from studios at ₹27,650 per month to expansive 4 BHK apartments at ₹3 Lakh per month. The 1 BHK units average ₹68,150 per month, while 2 BHK and 3 BHK homes are priced at ₹1.18 Lakh and ₹1.87 Lakh per month, respectively. Rental rates across the vicinity show diverse trends, with Matunga and Matunga West both averaging ₹150 per sq ft. While Wadala also commands ₹150 per sq ft, other areas like Sion East and GTB Nagar offer more competitive rental rates at ₹100 per sq ft. Apartments remain the dominant rental property type in Matunga East, averaging ₹150 per sq ft. This segment has shown a positive growth trend of 1.34% in rental rates over the past year. Top rental projects like Kesar Horizon and Gurukul CHS Matunga command premium rates of ₹160 per sq ft and ₹155 per sq ft, respectively. Other notable buildings including Earth Building and JP Hari Mangal Manor also maintain strong rental performance, with rates hovering between ₹153 and ₹154 per sq ft.
Rental options in Matunga East cater to a wide range of needs, from studios at ₹27,650 per month to expansive 4 BHK apartments at ₹3 Lakh per month. The 1 BHK units average ₹68,150 per month, while 2 BHK and 3 BHK homes are priced at ₹1.18 Lakh and ₹1.87 Lakh per month, respectively.
Rental rates across the vicinity show diverse trends, with Matunga and Matunga West both averaging ₹150 per sq ft. While Wadala also commands ₹150 per sq ft, other areas like Sion East and GTB Nagar offer more competitive rental rates at ₹100 per sq ft.
Apartments remain the dominant rental property type in Matunga East, averaging ₹150 per sq ft. This segment has shown a positive growth trend of 1.34% in rental rates over the past year.
Frequently Asked Questions About Property Rates in Matunga East, Mumbai
What is the current average asking price in Matunga East as of June 2026?
The average asking price in Matunga East is ₹49,100 per sq ft as of June 2026. This figure reflects a resilient market, having appreciated by 0.89% compared to previous periods, indicating steady demand for residential apartments in this premium locality.
How do property rates in Matunga East compare to the Government Registration Rate?
As of June 2026, the average asking price in Matunga East stands at ₹49,100 per sq ft, while the Government Registration Rate is recorded at ₹33,450 per sq ft. This gap between the market-driven asking price and the government-notified rate is a common observation in established, high-demand areas, reflecting the premium value placed on the location by buyers and sellers.
What is the recent price trend for property in Matunga East?
Property rates in Matunga East have shown an upward trajectory, moving from ₹47,700 per sq ft in September 2025 to ₹51,000 per sq ft by June 2026. This consistent growth across the last four quarters signals strong investor confidence and sustained demand for residential assets in this micromarket.
How do property prices in Matunga East vary by project status?
As of June 2026, property prices in Matunga East are segmented by status: Ready To Move units are priced at ₹41,650 per sq ft (having appreciated by 5.71%), while Under Construction projects average ₹46,750 per sq ft (up by 0.81%). Additionally, Well Occupied projects command a higher premium at ₹47,600 per sq ft, reflecting a 15.16% appreciation, whereas New Launch projects are currently priced at ₹36,900 per sq ft, showing a depreciation of 4.30% over the observed period.
What is the average rental yield in Matunga East and what does it mean for investors?
Matunga East currently offers an average rental yield of 3.64% as of June 2026. For investors, this yield represents the annual rental income relative to the property's capital value, serving as a key indicator of the area's income-generating potential alongside the average rental rate of ₹149 per sq ft, which has appreciated by 11.19%.
What are the typical monthly rental rates for different BHK configurations in Matunga East?
As of June 2026, the rental market in Matunga East offers diverse options: Studio apartments average ₹27,650 per month, while 1 BHK units command ₹68,150 per month. Larger configurations see higher demand, with 2 BHK units at ₹1.18 Lakh, 3 BHK units at ₹1.87 Lakh, and 4 BHK units reaching ₹3 Lakh per month, reflecting the premium nature of the locality.
Which projects in Matunga East command the highest rental rates?
The premium rental market in Matunga East is led by projects like Kesar Horizon at ₹160 per sq ft, Gurukul CHS Matunga at ₹155 per sq ft, and Earth Building at ₹154 per sq ft as of June 2026. Notably, Earth Building has seen a significant rental appreciation of 32.76%, while other top projects like Anand CHS Matunga have experienced a slight depreciation of 2.84%.
How do rental rates compare across neighbourhoods near Matunga East?
Rental rates in the vicinity of Matunga East are quite varied as of June 2026, with Matunga, Matunga West, Wadala, and Dadar East all commanding an average of ₹150 per sq ft. In contrast, areas like GTB Nagar, Dosti Acres, Sion West, and Sion East are more accessible, with average rental rates at ₹100 per sq ft, highlighting the premium status of the core Matunga micromarket.
What are the top-priced residential projects in Matunga East?
As of June 2026, the most premium projects in Matunga East include Godrej Five Gardens at ₹64,850 per sq ft, followed by Rustomjee La Sonrisa and Kalpataru Matru Ashish, both at ₹58,400 per sq ft. While Godrej Five Gardens has seen a depreciation of 7.86%, Kalpataru Matru Ashish has shown strong growth, appreciating by 8.53%.
How should a buyer interpret the property rates data for Matunga East?
Buyers should use the June 2026 data to distinguish between the average locality rate of ₹49,100 per sq ft and specific project-level pricing to gauge value. By comparing the Ready To Move rate of ₹41,650 per sq ft against Under Construction rates of ₹46,750 per sq ft, investors can better align their purchase with their timeline and risk appetite, while keeping the 0.89% overall price appreciation in mind.
